Senci Electric (China) Market Value

603109 Stock   15.65  0.01  0.06%   
Senci Electric's market value is the price at which a share of Senci Electric trades on a public exchange. It measures the collective expectations of Senci Electric Machinery investors about its performance. Senci Electric is trading at 15.65 as of the 7th of December 2024, a 0.06 percent increase since the beginning of the trading day. The stock's open price was 15.64.
With this module, you can estimate the performance of a buy and hold strategy of Senci Electric Machinery and determine expected loss or profit from investing in Senci Electric over a given investment horizon. Check out Senci Electric Correlation, Senci Electric Volatility and Senci Electric Alpha and Beta module to complement your research on Senci Electric.
Symbol

Please note, there is a significant difference between Senci Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Senci Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Senci Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Senci Electric 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Senci Electric's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Senci Electric.
0.00
04/11/2024
No Change 0.00  0.0 
In 7 months and 29 days
12/07/2024
0.00
If you would invest  0.00  in Senci Electric on April 11, 2024 and sell it all today you would earn a total of 0.00 from holding Senci Electric Machinery or generate 0.0% return on investment in Senci Electric over 240 days. Senci Electric is related to or competes with Youngy Health, Shanghai Rongtai, Sanbo Hospital, Mingchen Health, Chengdu Spaceon, and Meinian Onehealth. Senci Electric is entity of China. It is traded as Stock on SHG exchange. More

Senci Electric Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Senci Electric's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Senci Electric Machinery upside and downside potential and time the market with a certain degree of confidence.

Senci Electric Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Senci Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Senci Electric's standard deviation. In reality, there are many statistical measures that can use Senci Electric historical prices to predict the future Senci Electric's volatility.
Hype
Prediction
LowEstimatedHigh
12.9815.9418.90
Details
Intrinsic
Valuation
LowRealHigh
9.6912.6517.22
Details

Senci Electric Machinery Backtested Returns

Senci Electric appears to be somewhat reliable, given 3 months investment horizon. Senci Electric Machinery owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Senci Electric Machinery, which you can use to evaluate the volatility of the company. Please review Senci Electric's Risk Adjusted Performance of 0.1234, semi deviation of 2.29, and Coefficient Of Variation of 638.61 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Senci Electric holds a performance score of 12. The entity has a beta of -0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Senci Electric are expected to decrease at a much lower rate. During the bear market, Senci Electric is likely to outperform the market. Please check Senci Electric's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Senci Electric's existing price patterns will revert.

Auto-correlation

    
  -0.89  

Excellent reverse predictability

Senci Electric Machinery has excellent reverse predictability. Overlapping area represents the amount of predictability between Senci Electric time series from 11th of April 2024 to 9th of August 2024 and 9th of August 2024 to 7th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Senci Electric Machinery price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Senci Electric price fluctuation can be explain by its past prices.
Correlation Coefficient-0.89
Spearman Rank Test-0.81
Residual Average0.0
Price Variance2.15

Senci Electric Machinery lagged returns against current returns

Autocorrelation, which is Senci Electric stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Senci Electric's stock expected returns. We can calculate the autocorrelation of Senci Electric returns to help us make a trade decision. For example, suppose you find that Senci Electric has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Senci Electric regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Senci Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Senci Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Senci Electric stock over time.
   Current vs Lagged Prices   
       Timeline  

Senci Electric Lagged Returns

When evaluating Senci Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Senci Electric stock have on its future price. Senci Electric autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Senci Electric autocorrelation shows the relationship between Senci Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Senci Electric Machinery.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Senci Stock

Senci Electric financial ratios help investors to determine whether Senci Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Senci with respect to the benefits of owning Senci Electric security.